0.83%
4.98%
14.50%
6.26%
46.91%
184.73%
321.07%
AI Spotlight on FCNCA
Company Description
First Citizens BancShares, Inc.operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals.The company's deposit products include checking, savings, money market, and time deposit accounts.
Its loan product portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans.The company also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment products, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services; and defined benefit and defined contribution, insurance, private banking, trust, fiduciary, philanthropy, and special asset services.The company provides its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks.
As of December 31, 2021, it operated 529 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia.First Citizens BancShares, Inc.was founded in 1898 and is headquartered in Raleigh, North Carolina.
Market Data
| Last Price | 2218.3 |
| Change Percentage | 0.83% |
| Open | 2217.08 |
| Previous Close | 2199.94 |
| Market Cap ( Millions) | 28803 |
| Volume | 54843 |
| Year High | 2412.93 |
| Year Low | 1438.08 |
| M A 50 | 2172.69 |
| M A 200 | 1930.19 |
Financial Ratios
| FCF Yield | 5.49% |
| Dividend Yield | 0.31% |
| ROE | 11.72% |
| Debt / Equity | 162.71% |
| Net Debt / EBIDTA | 1213.01% |
| Price To Book | 1.4 |
| Price Earnings Ratio | 12.31 |
| Price To FCF | 18.23 |
| Price To sales | 2.01 |
| EV / EBITDA | 21.76 |
News
- Jan -24 - First Citizens BancShares, Inc. (FCNCA) Q4 2024 Earnings Call Transcript
- Jan -24 - First Citizens (FCNCA) Reports Q4 Earnings: What Key Metrics Have to Say
- Jan -24 - First Citizens BancShares (FCNCA) Surpasses Q4 Earnings and Revenue Estimates
- Jan -24 - First Citizens BancShares Reports Fourth Quarter 2024 Earnings
- Jan -24 - First Citizens BancShares Declares Dividends
- Jan -23 - First Citizens Bank Commits $2 Million to Support Relief Efforts for Southern California Wildfires
- Jan -23 - Silicon Valley Bank Releases 24th Annual State of the US Wine Industry Report
- Jan -22 - NineDot Energy Announces $65 Million Equipment Financing
- Jan -20 - Exploring Analyst Estimates for First Citizens (FCNCA) Q4 Earnings, Beyond Revenue and EPS
- Jan -08 - Linea Energy Closes Project Debt Financing for Pineview Solar in Georgia
- Jan -08 - Venture Capital Fundraising in Healthcare Remains Healthy; Silicon Valley Bank Releases 15th Edition of Healthcare Investments and Exits Report
- Jan -02 - First Citizens BancShares, Inc. Announces Date of 2024 Fourth Quarter Earnings Call
- Dec -16 - Snow Appointed to First Citizens BancShares Board of Directors
- Dec -12 - Legion Technologies Secures $50M from Silicon Valley Bank to Fuel Continued Innovation in AI-Powered Workforce Management
- Dec -09 - First Citizens Bancshares Among 'Biggest Potential Winners' Of US Elections, Says Bullish Analyst
- Nov -21 - Pivot Energy Secures Over $450 Million in Major Financing of Distributed Generation Portfolios from First Citizens, ATLAS SP, and HASI
- Nov -19 - Squire Secures $35 Million in Debt Financing from Silicon Valley Bank
- Nov -07 - Tradepulse Power Inflow Alert: First Citizens Bancshares Inc. Rises Over 100 Points After Signal
- Nov -01 - 2 Stocks to Buy as Election Reality Kicks In
- Oct -31 - Bugcrowd Secures $50 Million Growth Capital Facility from Silicon Valley Bank
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Corporate
Expected Growth : 2.5 %
What the company do ?
First Citizens BancShares, Inc. is a bank holding company that operates through its subsidiary, First-Citizens Bank & Trust Company, providing various banking products and services.
Why we expect these perspectives ?
First Citizens BancShares, Inc.'s corporate segment growth of 2.5% is driven by strategic acquisitions, expansion of commercial banking services, and a strong presence in the southeastern United States. Additionally, the company's focus on digital transformation, cost savings initiatives, and a favorable interest rate environment contribute to its growth momentum.
Segment n°2 -> General Banking
Expected Growth : 2.8 %
What the company do ?
General Banking from First Citizens BancShares, Inc. offers personal and commercial banking services, including checking, savings, loans, credit cards, and investment products.
Why we expect these perspectives ?
First Citizens BancShares, Inc.'s 2.8% growth in General Banking is driven by strategic acquisitions, expansion of commercial lending, and increased deposit growth. Additionally, the bank's focus on digital transformation, improved operational efficiency, and a strong capital position have contributed to its growth momentum.
Segment n°3 -> Silicon Valley Banking
Expected Growth : 3.2 %
What the company do ?
Silicon Valley Bank, acquired by First Citizens BancShares, Inc., is a leading provider of financial services to innovative companies and their investors.
Why we expect these perspectives ?
The 3.2% growth of Silicon Valley Banking from First Citizens BancShares, Inc. is driven by increasing demand for tech-enabled banking services, strategic expansion into high-growth markets, and a strong brand reputation. Additionally, the bank's focus on innovation, digital transformation, and customer-centric approach have contributed to its growth.
Segment n°4 -> Commercial Banking
Expected Growth : 2.9 %
What the company do ?
Commercial Banking from First Citizens BancShares, Inc. provides financial solutions to businesses, including cash management, lending, and treasury services.
Why we expect these perspectives ?
First Citizens BancShares, Inc.'s 2.9% commercial banking growth is driven by a strong loan portfolio, increased deposits, and a solid credit quality. The bank's strategic expansion into new markets, investments in digital banking, and a focus on customer relationships have also contributed to its growth. Additionally, a favorable interest rate environment and a growing economy have supported the bank's commercial lending activities.
Segment n°5 -> Rail
Expected Growth : 2.2 %
What the company do ?
Rail is a digital banking platform from First Citizens BancShares, Inc. that offers a modern, user-friendly online banking experience.
Why we expect these perspectives ?
Rail segment's 2.2% growth is driven by increased freight volumes, rising demand for coal and agricultural products, and investments in infrastructure expansion. Additionally, the ongoing shift from truck to rail transportation, driven by cost and environmental concerns, contributes to the growth. Furthermore, the company's focus on operational efficiency and cost savings initiatives also supports the segment's growth.
First Citizens Bancshares, Inc. Products
| Product Range | What is it ? |
|---|---|
| Consumer Banking | Provides personal banking services, including checking and savings accounts, credit cards, personal loans, and mortgages. |
| Mortgage Banking | Offers mortgage lending services, including purchase and refinance loans, home equity loans, and construction loans. |
| Commercial Banking | Provides financial services to businesses, including cash management, commercial lending, and treasury management. |
| Wealth Management | Offers investment and wealth management services, including brokerage, investment advisory, and trust services. |
| Card Services | Issues and processes credit and debit cards, providing payment solutions for consumers and businesses. |
| Digital Banking | Provides online and mobile banking services, enabling customers to manage their accounts, pay bills, and transfer funds remotely. |
First Citizens BancShares, Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for First Citizens BancShares, Inc. is medium due to the presence of alternative financial institutions and digital payment platforms.
Bargaining Power Of Customers
The bargaining power of customers for First Citizens BancShares, Inc. is low due to the lack of concentration of buyers and the presence of multiple banking options.
Bargaining Power Of Suppliers
The bargaining power of suppliers for First Citizens BancShares, Inc. is medium due to the presence of multiple suppliers and the moderate level of concentration in the industry.
Threat Of New Entrants
The threat of new entrants for First Citizens BancShares, Inc. is low due to the high barriers to entry in the banking industry, including regulatory hurdles and capital requirements.
Intensity Of Rivalry
The intensity of rivalry for First Citizens BancShares, Inc. is high due to the presence of multiple competitors in the banking industry, leading to a highly competitive market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 64.25% |
| Debt Cost | 3.95% |
| Equity Weight | 35.75% |
| Equity Cost | 8.27% |
| WACC | 5.49% |
| Leverage | 179.71% |
First Citizens BancShares, Inc. : Quality Control
First Citizens BancShares, Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PNC | The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as … |
| WABC | Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, … |
| OPBK | OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, … |
| MTB | M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services … |
| TFC | Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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OpenBank
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Truist
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PNC Financial Services Group
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4
M&T Bank
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5
Westamerica
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